Tredje AP fonden lowered its position in Marathon Oil Co. (NYSE:MRO) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,709 shares of the oil and gas producer’s stock after selling 7,220 shares during the period. Tredje AP fonden’s holdings in Marathon Oil were worth $1,108,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Freestone Capital Holdings LLC lifted its position in shares of Marathon Oil by 1.1% during the 2nd quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock valued at $168,000 after acquiring an additional 150 shares during the period. Blair William & Co. IL lifted its position in shares of Marathon Oil by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 18,126 shares of the oil and gas producer’s stock valued at $215,000 after acquiring an additional 234 shares during the period. CIBC Asset Management Inc lifted its position in shares of Marathon Oil by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 81,334 shares of the oil and gas producer’s stock valued at $964,000 after acquiring an additional 257 shares during the period. Utah Retirement Systems lifted its position in shares of Marathon Oil by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 155,467 shares of the oil and gas producer’s stock valued at $1,843,000 after acquiring an additional 600 shares during the period. Finally, Sentry Investment Management LLC lifted its position in shares of Marathon Oil by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 66,441 shares of the oil and gas producer’s stock valued at $787,000 after acquiring an additional 702 shares during the period. Hedge funds and other institutional investors own 80.65% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Marathon Oil from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. BMO Capital Markets reiterated a “hold” rating and set a $18.00 price target on shares of Marathon Oil in a research report on Tuesday, November 7th. Atlantic Securities upgraded shares of Marathon Oil from a “neutral” rating to an “overweight” rating in a research report on Tuesday. Morgan Stanley reiterated an “equal weight” rating on shares of Marathon Oil in a research report on Saturday, September 16th. Finally, Jefferies Group restated a “hold” rating and set a $12.00 price objective on shares of Marathon Oil in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.90.
Marathon Oil Co. (MRO) traded up $0.41 during mid-day trading on Friday, reaching $15.15. 8,360,492 shares of the company’s stock traded hands, compared to its average volume of 12,105,021. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02. Marathon Oil Co. has a 12-month low of $10.55 and a 12-month high of $19.28.
Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company earned ($0.23) EPS. Marathon Oil’s revenue for the quarter was up 26.5% on a year-over-year basis. sell-side analysts expect that Marathon Oil Co. will post -0.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.32%. Marathon Oil’s dividend payout ratio is presently -2.40%.
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Marathon Oil Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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